CENTRAL MIDWEST REGIONAL COUNCIL OF CARPENTERS WELFARE FUND (EIN 450593187) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

MATT MCGRIFF

Phone

2488139800

Tax Period

2024-05-01 to 2025-04-30

CENTRAL MIDWEST REGIONAL COUNCIL OF CARPENTERS WELFARE FUND, founded in 2008, is a major nonprofit in the Mutual Benefit sector that reported $253.4M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $242.6M left a modest 4% surplus.

Mission

TO PROVIDE HEALTH BENEFITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $244,476,700

Investment Income $8,971,804

Other Revenue $0

TOTAL REVENUE $253,448,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,678,047

TOTAL EXPENSES $242,554,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,448,504	$158,432,138	+0.6%
Expenses	$242,554,744	$147,669,559	+0.6%
Net Income	$10,893,760	$10,762,579	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$4,631,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MCGRIFF	TRUSTEE	1.00	Director	$0	$163,054	$492,243
MIKE DUGAN	TRUSTEE	1.00	Director	$0	$96,474	$220,458
WAYLON ISAACS	TRUSTEE	1.00	Director	$0	$97,157	$221,317
ANTONIO DI TOMMASO	TRUSTEE	1.00	Director	$0	$94,774	$221,193
TROY WOODYARD	TRUSTEE	1.00	Director	$0	$94,392	$217,721
LEE DAHER	TRUSTEE	1.00	Director	$0	$94,773	$224,841
CHARLES DAVIS	TRUSTEE	1.00	Director	$0	$91,889	$194,113
MARK LICHTY	TRUSTEE	1.00	Director	$0	$94,774	$220,136
JOSEPH PITTMAN	TRUSTEE	1.00	Director	$0	$103,012	$265,036
ALAN HIBBARD	TRUSTEE	1.00	Director	$0	$94,295	$217,369
ANDY TROPP	TRUSTEE	1.00	Director	$0	$108,387	$271,137
ADAM FEDAK	TRUSTEE	1.00	Director	$0	$150,093	$432,645
JASON CLARK	TRUSTEE - PAST	1.00	Director	$0	$104,264	$268,279
KEVIN ENNIS	TRUSTEE - PAST	1.00	Director	$0	$94,370	$216,779
TRAMPAS PUCKETT	TRUSTEE - PAST	1.00	Director	$0	$94,393	$217,655
KEN LYONS	TRUSTEE - PAST	1.00	Director	$0	$138,849	$374,091
ANTHONY HOLBROOK	TRUSTEE - PAST	1.00	Director	$0	$124,433	$356,802
DAN SIVERTSON	TRUSTEE - PAST	1.00	Director	$0	$0	$0
KEVIN REILLY	TRUSTEE	1.00	Director	$0	$0	$0
JIM HACKER	TRUSTEE	1.00	Director	$0	$0	$0
BILL HASSE	TRUSTEE	1.00	Director	$0	$0	$0
ART LINDROSE	TRUSTEE	1.00	Director	$0	$0	$0
JOE BEISCHEL	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
CLARK TOWNSEND	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM NIX	TRUSTEE	1.00	Director	$0	$0	$0
ANDY BINKELY	TRUSTEE	1.00	Director	$0	$0	$0
RANDALL FOX	TRUSTEE	1.00	Director	$0	$0	$0
CAREY WEDDLE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
TIM LINVILLE	TRUSTEE - PAST	1.00	Director	$0	$0	$0
AARON HALL	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JAMES MELARAGNO	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JIM LAWLER	TRUSTEE - PAST	1.00	Director	$0	$0	$0
JIM FOX	TRUSTEE - PAST	1.00	Director	$0	$0	$0
ROBERT GRIBBEN III	TRUSTEE - PAST	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$253,448,504	$242,554,744	$596,163,884	$10,893,760
2024	$158,432,138	$147,669,559	$171,432,232	$10,762,579
2023	$150,596,171	$147,297,839	$162,421,504	$3,298,332
2022	$140,525,924	$132,001,656	$159,685,153	$8,524,268
2021	$138,078,421	$128,318,851	$161,138,110	$9,759,570
2020	$144,946,153	$141,450,799	$145,853,311	$3,495,354
2019	$139,658,942	$141,959,014	$139,693,242	$-2,300,072
2018	$128,733,404	$132,267,641	$141,898,007	$-3,534,237

CENTRAL MIDWEST REGIONAL COUNCIL OF CARPENTERS WELFARE FUND